Celgene Corp. has agreed to purchase the vacant 1.3 million-square-foot Merck complex in Summit, New Jersey.
The city has been searching for a buyer since Merck announced plans in October 2013 to move its global headquarters to Kenilworth, NJ.
The site includes R&D facilities, laboratory and support buildings, manufacturing capabilities, storage, warehouse buildings and administrative office space.
Celgene is also in the process of finishing a 500,000-square-foot expansion of its headquarters, already located in Summit.
Read the NJ Biz press release